Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[sirazimuth]

There are those old depth chart pictures I've missed! I also miss those prices too, if only I've bought more and realized me joking BTC would hit $10k wasn't actually a joke and would be eventually true. $239, oh boy good price. Can we get these depth chart pictures again? What happened to the bot that used to post these?

I wonder?

Is there much of a difference now, buying at $7,600, as compared with buying at $239 in 2015?

Or maybe $7,600 today is like buying at $600 in 2015?  I wonder?

Part of the comparison is that $239 would have been a 77% correction point, down from $1,163.   $7,600 is about a 61% correction point from $19,666  - and $600 would be a 52% correction point from $1,163.... ... If we want to stick with the 61% correction, then we are at about $450, down from $1,163. 

Remember there was a long period between about November 2015 and May 2016, that we were largely stuck between $350 and $450, so getting above $450 seemed a barrier, and then when we finally broke above $450, there was another dip down in July/August 2016, after the Bitfinex"hack" news.  After getting over that Bitfinex "hack" FUD, three digits became a kind of history that was only briefly touched upon again in March 2017..   So recent, yet seems almost like ancient history.

I bought all of mine for under £400 in 2014.

Beautiful, just beautiful

Not really sure what my stash cost me tbh.
I paid a ridorkulous electric bill for a year in 2015 for the
majority of them. I think I did ok....

[El duderino_]

Another of my charts

I think all of us in here can find a way to live with that 

[RayX12]

The IMF is positive on crypto!  

http://www.imf.org/external/pubs/ft/fandd/2018/06/central-bank-monetary-policy-and-cryptocurrencies/he.htm

credits to: Ivan on Tech

[realr0ach]

The IMF is positive on crypto!  

http://www.imf.org/external/pubs/ft/fandd/2018/06/central-bank-monetary-policy-and-cryptocurrencies/he.htm

You do know the IMF is second only to the BIS in terms of world usury enslavement, right?  If anyone from the BIS, IMF, or any Jew in general says anything remotely endorsing cryptocurrency or bitcoin, it means pick up a sledgehammer and start smashing anything you can find that resembles bitcoin at all.

[RejectedBanana]

This is neat:

https://opendime.com/

Interesting little niche market but I just can’t help thinking how many more coins will be lost forever.

I don’t like how the lifetime of the private key flash chip is “somewhere between 25 and 100 years.”

Really?  

Paper please.

[4rt3m]

I like how Germany is good in accepting crypto.

German Banks Have the Right to Exchange Bitcoin, Ethereum to Euros on ATMs Says Regulator

Germany’s FCA, the Federal Financial Supervisory Authority (BaFin), has clarified that banks have the right to offer bitcoin or eth to euro exchanges on ATMs.

https://www.trustnodes.com/2018/06/05/german-banks-right-exchange-bitcoin-ethereum-euros-atms-says-regulator

[realr0ach]

Germany’s FCA, the Federal Financial Supervisory Authority (BaFin), has clarified that banks have the right to offer bitcoin or eth to euro exchanges on ATMs.

https://www.trustnodes.com/2018/06/05/german-banks-right-exchange-bitcoin-ethereum-euros-atms-says-regulator

Now ask yourself why they single out only Bitcoin and Eth being allowed even though Eth is completely useless?  Because Goldman Sachs owns most of the Eth premine, and In-Q-Tel bought up shit tons of bitcoins at around the $1-2 range when they caused the flash crash on purpose, plus however many other coins intelligence agencies have from when they released bitcoin in the first place.

[Elwar]

I like how Germany is good in accepting crypto.

German Banks Have the Right to Exchange Bitcoin, Ethereum to Euros on ATMs Says Regulator

Germany’s FCA, the Federal Financial Supervisory Authority (BaFin), has clarified that banks have the right to offer bitcoin or eth to euro exchanges on ATMs.

https://www.trustnodes.com/2018/06/05/german-banks-right-exchange-bitcoin-ethereum-euros-atms-says-regulator

In Germany Bitcoin is considered a private money. Exchanging bitcoins is akin to exchanging foreign currency.

In order to set up a bitcoin exchange in Germany you need to get the several hundred thousand euro foreign exchange license just to get started.

They block localbitcoins because they consider it an exchange.

[afbitcoins]

Another of my charts

snip

I think all of us in here can find a way to live with that 

Except the real Roach maybe

[realr0ach]

Another of my charts

snip

I think all of us in here can find a way to live with that  

Except the real Roach maybe

I am not even commenting on some type of buffoonish chart that claims the price of bitcoin will go upwards at a 45 degree angle infinitely, or in this case $24 million each.  Why not just round it up to $24 trillion since you're living in a science fiction movie already?

[RejectedBanana]

Another of my charts

Similar oldie but goodie maintained over at moonmath...


https://www.moonmath.win/

[Hueristic]

The hash rate scares me, all that money being poured into serving the network.     Im all for efficiency driven competition, the network has to stay cheap vs competitors to use so I dont want to see them with higher costs from big R&D on asic.   I guess it'll work itself out in some way

The SEC Says Bitcoin Can Replace Sovereign Currencies And Cryptocurrencies Are Not Securities. (thecryptograph.net)

https://thecryptograph.net/sec-says-bitcoin-can-replace-sovereign-currencies-not-security-but-icos-are/

This seems massive news, taxing every single transaction and exchange of crypto is basically criminalising a population because normal people cant be paying accountants to do their books because they bought a bottle of shampoo with bitcoin.   Seems there is conflicting ideas and it cant be that people suffer from just doing normal things.

Roughly bullish action, 7720 as a short term cap and 7370 seems a good base.  yea I have 7720 already drawn in as a fib line, that'd make 8043 target upside initially

That sounds like great news but I feel like we're being punked.

Andy Warhol Is a Bitcoin Star for 15 Minutes

Thanks to the blockchain, anyone can own a tiny part of a masterpiece. They just can’t touch it.

https://www.bloomberg.com/view/articles/2018-06-08/andy-warhol-bitcoins-are-famous-for-15-minutes

It looks to me like the old way for the rich to hide assets is trying to dump their shitcoins on us.

..


edit: figured my 4000th post should be a little wordier than usual.  How'd I do JG?

Congrats, I preferred the guess who.

I like how Germany is good in accepting crypto.

German Banks Have the Right to Exchange Bitcoin, Ethereum to Euros on ATMs Says Regulator

Germany’s FCA, the Federal Financial Supervisory Authority (BaFin), has clarified that banks have the right to offer bitcoin or eth to euro exchanges on ATMs.

https://www.trustnodes.com/2018/06/05/german-banks-right-exchange-bitcoin-ethereum-euros-atms-says-regulator

W0w looks they have their tools prepared to track the chain and are ready to monetize. Better not slack any more in opsec.

I like how Germany is good in accepting crypto.

German Banks Have the Right to Exchange Bitcoin, Ethereum to Euros on ATMs Says Regulator

Germany’s FCA, the Federal Financial Supervisory Authority (BaFin), has clarified that banks have the right to offer bitcoin or eth to euro exchanges on ATMs.

https://www.trustnodes.com/2018/06/05/german-banks-right-exchange-bitcoin-ethereum-euros-atms-says-regulator

In Germany Bitcoin is considered a private money. Exchanging bitcoins is akin to exchanging foreign currency.

In order to set up a bitcoin exchange in Germany you need to get the several hundred thousand euro foreign exchange license just to get started.

They block localbitcoins because they consider it an exchange.

No surprise, they are doing the same in US now. Rounding up people without moneylender licenses. The bankers don't like competition and they have the law to do their dirty work.




I didn't vote this time because I literally had no clue if we really have found the bottom (hope so) or are just getting played again. But after some thought I do think we have found the bottom though and gone through the shakeout mostly.

[LFC_Bitcoin]

There are those old depth chart pictures I've missed! I also miss those prices too, if only I've bought more and realized me joking BTC would hit $10k wasn't actually a joke and would be eventually true. $239, oh boy good price. Can we get these depth chart pictures again? What happened to the bot that used to post these?

I wonder?

Is there much of a difference now, buying at $7,600, as compared with buying at $239 in 2015?

Or maybe $7,600 today is like buying at $600 in 2015?  I wonder?

Part of the comparison is that $239 would have been a 77% correction point, down from $1,163.   $7,600 is about a 61% correction point from $19,666  - and $600 would be a 52% correction point from $1,163.... ... If we want to stick with the 61% correction, then we are at about $450, down from $1,163. 

Remember there was a long period between about November 2015 and May 2016, that we were largely stuck between $350 and $450, so getting above $450 seemed a barrier, and then when we finally broke above $450, there was another dip down in July/August 2016, after the Bitfinex"hack" news.  After getting over that Bitfinex "hack" FUD, three digits became a kind of history that was only briefly touched upon again in March 2017..   So recent, yet seems almost like ancient history.

I bought all of mine for under £400 in 2014.

Beautiful, just beautiful

Not really sure what my stash cost me tbh.
I paid a ridorkulous electric bill for a year in 2015 for the
majority of them. I think I did ok....

Oh when I said under £400 I meant £400 each.

[ssmc2]

RIP Bourdain 

[Dunkelheit667]

I like how Germany is good in accepting crypto.

German Banks Have the Right to Exchange Bitcoin, Ethereum to Euros on ATMs Says Regulator

Germany’s FCA, the Federal Financial Supervisory Authority (BaFin), has clarified that banks have the right to offer bitcoin or eth to euro exchanges on ATMs.

https://www.trustnodes.com/2018/06/05/german-banks-right-exchange-bitcoin-ethereum-euros-atms-says-regulator

Au contraire. The almighty BaFin just confirmed (more or less) you need a banking licence in order to install a BTC-ATM in Germany. Why do you think there is no BTC-ATM in Germany? I guess the initial costs for a banking licence (100k € or something like that) are the root cause... Most (all?) of the German BTC related "exchange" businesses went to other countries, years ago.

[wh1rlw1nd]

don't you mind my little meme i've done recently - "btc in 2018" 

[cryptovipin]

this is a fantastic project.

[Toxic2040]

RIP Bourdain 

+1 WOsMerit        61 years young..  God speed.

--------------
Good morning all. Another day of underwhelming performance from the King.

Bitcoin continues to massively under perform compared to most other alt markets. This will have to stop at some point I would think. Perhaps not, maybe bitcoin will be happy playing second or third fiddle. Technical indicators are set for a rise but I believe it will be suppressed again. The manipulation being used to hold down the market to entice institutional investors is getting old. People will buy in because a product is better than everything else..not because of its price. 

There are a couple of possibilities...raise the price so FOMO begins and people jump aboard..or lower it a few thousand so capitulation happens and people are willing to buy the bottom. Being stuck here in limbo is not doing anyone any good imo.

1h


4h


D

[Hueristic]

RIP Bourdain  

Didn't know who he was but I wholeheartedly agree with this!

"Your body is not a temple, it's an amusement park. Enjoy the ride."

https://www.bbc.com/news/world-us-canada-44414747

[bitcoinPsycho]

this is a fantastic project.

bot?